40, MELROSE DRIVE, ELSTOW, BEDFORD, MK42 9FH - £155,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

40 MELROSE DRIVE is a very small terraced house of 66m², built sometime between 1996 and 2002, which could now be worth an estimated £302,176. It was last sold for £155,000 in April 2006, which was around 14% above the average April 2006 terraced price in the Bedford local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

40 MELROSE DRIVE Sold Prices

Land registry data shows four sales for 40 MELROSE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Bedford local authority area for the corresponding sale date. All of the four 40 MELROSE DRIVE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2006 7 APR	£155,000	£135,783	14% above HPI
2005 14 JAN	£150,000	£130,206	15% above HPI
2001 25 MAY	£96,995	£71,992	35% above HPI
1999 26 AUG	£78,995	£57,135	38% above HPI

40 MELROSE DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bedford local authority area over time, sourced from the HPI. The four 40 MELROSE DRIVE sales between August 1999 and April 2006 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2005 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the April 2006 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 40 MELROSE DRIVE be worth now?

40 MELROSE DRIVE might now be worth an estimated £302,176.

This is based on house price inflation of 95%, between April 2006 and June 2025, for terraced houses, in the Bedford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 95% inflationary increase is applied to the most recent sale price for 40 MELROSE DRIVE of £155,000 on 7th April 2006. For the value to have increased from £155,000 to £302,176 over the eighteen years and ten months to June 2025, the following assumptions must hold true:

• The value of 40 MELROSE DRIVE has moved in line with the HPI for terraced houses in the Bedford local authority area.
• The April 2006 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 40 MELROSE DRIVE has not materially changed since April 2006.

How Large is 40 MELROSE DRIVE?

40 MELROSE DRIVE is 66m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of terraced houses houses in Bedford, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bedford, and where 40 MELROSE DRIVE lies on this distribution: 2% of terraced houses houses are smaller than 40 MELROSE DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Bedford.

40 MELROSE DRIVE: Plot and Title Map

40 MELROSE DRIVE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 40 MELROSE DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 40 MELROSE DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 40 MELROSE DRIVE?

40 MELROSE DRIVE is located in ELSTOW, in the MK42 postcode district. The below map shows the position of No. 40 on MELROSE DRIVE.